G-III Apparel Group, LTD. $GIII Shares Purchased by Cwm LLC

Cwm LLC grew its holdings in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 1,314.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,241 shares of the textile maker’s stock after buying an additional 29,032 shares during the quarter. Cwm LLC owned 0.07% of G-III Apparel Group worth $831,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. raised its holdings in G-III Apparel Group by 3.0% in the second quarter. American Century Companies Inc. now owns 1,672,776 shares of the textile maker’s stock valued at $37,470,000 after acquiring an additional 48,426 shares in the last quarter. Millennium Management LLC increased its position in shares of G-III Apparel Group by 139.3% in the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker’s stock worth $26,070,000 after purchasing an additional 554,933 shares during the last quarter. LSV Asset Management raised its stake in shares of G-III Apparel Group by 0.3% in the 2nd quarter. LSV Asset Management now owns 849,501 shares of the textile maker’s stock valued at $19,029,000 after purchasing an additional 2,597 shares in the last quarter. Marshall Wace LLP raised its stake in shares of G-III Apparel Group by 15.7% in the 2nd quarter. Marshall Wace LLP now owns 614,752 shares of the textile maker’s stock valued at $13,770,000 after purchasing an additional 83,561 shares in the last quarter. Finally, Norges Bank bought a new position in shares of G-III Apparel Group during the second quarter worth about $10,366,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Price Performance

Shares of GIII opened at $29.53 on Thursday. G-III Apparel Group, LTD. has a 12 month low of $20.33 and a 12 month high of $34.83. The stock has a fifty day moving average price of $29.25 and a 200 day moving average price of $26.86. The company has a market cap of $1.25 billion, a P/E ratio of 8.87 and a beta of 1.28.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.29. The company had revenue of $988.65 million during the quarter, compared to the consensus estimate of $1.01 billion. G-III Apparel Group had a net margin of 4.89% and a return on equity of 9.37%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.59 earnings per share. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. As a group, research analysts anticipate that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

G-III Apparel Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were paid a $0.10 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. G-III Apparel Group’s dividend payout ratio (DPR) is presently 12.01%.

Analysts Set New Price Targets

GIII has been the subject of several research analyst reports. Telsey Advisory Group set a $34.00 price objective on G-III Apparel Group in a report on Wednesday, December 10th. UBS Group set a $32.00 target price on G-III Apparel Group and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. KeyCorp reissued an “overweight” rating and set a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. BTIG Research lifted their price objective on shares of G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Zacks Research upgraded shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.20.

About G-III Apparel Group

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women’s and men’s apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies’ apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company’s product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.